Home / Knowledge / News / Apparel/Garments / Textile & apparel goods lead Vietnamese exports
Textile & apparel goods lead Vietnamese exports
Jul '10
After witnessing an aggregate growth of 30 percent in recent times, Vietnam has now become the 10th biggest textile and apparel exporters around the world, totaling for 2.7 percent of the international market.

Textiles and apparels industry are now leaders amongst key export goods of Vietnam, with an export turnover of US$ 4.8 billion in the first two quarters of 2010, which has gone up by 17 percent as against last year and it is also $1.4 billion over crude oil exports.

With US being Vietnam's biggest market, with a growth rate of 15 percent, falling second line is Japan with 10 percent. Following these are the new markets such as the Republic of Korea, ASEAN nations and Taiwan.

Vietnam's textile and apparel goods are second in line after China, within the US and Japanese markets. More so, Vietnamese businesses also have orders to be met with till the end of the year.

As per Chairman of the Vietnam Textile and Apparel Association, Le Quoc An, the chances of businesses meeting their targets and thereby, earn $10.5 billion, by the end of this year, seems quite possible.

But yet, the sector is faced with several problems, which are a result of the volatility of the financial market, workforce and raw material prices. Dearth in workforce is one of the key problems, which has been pressurizing the textile and apparel businesses.

Dearth in workforce has also threatened firms such as Nha Be Garment Company. According to Nguyen Ngoc Lan, member of Nha Be, despite having inked deals to export goods through the first quarters of 2011, dearth in workforce worries them.

Improving the productivity and surging labourer's salaries is the best way to ensure labourers remain within the firm for production of goods.

More so, the domestic apparel segment depends too much on imported materials. The segment's exports were valued at $4.8 billion in the first half of this year, but its purchase of raw materials amounted to $3.7 billion within the first five months, which had gone up by 33.5 percent as against last year.

But the apparel segment is struggling to manufacture more materials locally to ensure constant growth. Vietnam National Textile and Garment Group (Vinatex) is also intending to invest over VND 1,400 billion for developing a higher added-value for home-based goods.

Further more, to encourage local and international businesses to invest in manufacturing garments and textile materials, four apparel and dye centres will be set up in Ninh Binh, Long An, Tra Vinh and Nam Dinh provinces.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search